Qatargas signs deal to deliver LNG to Austria’s OMV

Qatargas Operating Company (Qatargas) on Wednesday entered into a new sale and purchase agreement (SPA) with Austrian OMV Gas Marketing and Trading to supply annually 1.1mn tonnes of liquefied natural gas (LNG) for five years. Commencing in January 2019, the SPA provides for the supply of LNG from Qatargas 4, a joint venture between Qatar Petroleum (70%) and Shell (30%). The LNG would be delivered to the Gate LNG Terminal in the Netherlands onboard Qatargas’ chartered LNG vessels.
Al Samriya at the GATE LNG terminal
Al Samriya at the GATE LNG terminal
“We are very pleased to announce this new deal with OMV – an international, integrated oil and gas company operating from the heart of Europe. OMV provides major European customers and distributors with tailored natural gas solutions, and we look forward to supplying them with reliable Qatari LNG,” Qatargas chairman Saad Sherida al-Kaabi said. With this deal, Qatargas has once again demonstrated its ability to capture new opportunities and expand its network of customers in an evolving market, said al-Kaabi, who is also the president and chief executive of Qatar Petroleum.
“This new deal is testament to our proven ability to supply reliable clean energy to customers in Europe, and to our customers all over the world,” according to Sheikh Khalid bin Khalifa al-Thani, Qatargas chief executive. Manfred Leitner, OMV executive board member responsible for downstream, said the agreement is in line with OMV’s gas strategy to ensure security of supply for Europe and it supports our efforts to employ its LNG infrastructure including the GATE terminal in Rotterdam. “This milestone follows on years of a successful business relationship and we are pleased to now add Qatargas as one of our long-term suppliers of LNG,” he said.
Sources an photo-credis: Gulf Times